Only 1 of MNI's Chicago business Barometer components rose in December as the headline index tumbled from October's multi-year highs at 66.2 to today's December print of 58.3 – lowest in 5 months and missing expectations for the 2nd month in a row. While new orders, prices paid, and production all fell, employment (the sole improvment) rose.

Breakdown via MNI

So lower prices, less orders, less production… let's hire more people?